In Rich Dad Poor Dad, Robert Kiyosaki summarises the lessons learned from two different perspectives, that of a poor man, and that of a rich man. Drawing on his own experiences, Kiyosaki discusses how to create financial independence through investing, property ownership and building businesses.

1. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
RICH DAD POOR DAD
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2. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
INTRO
• Rich dad has shaped his thoughts about money and investing
• You don’t need to earn a high income to be rich
• It is not important how much money you make , it is how much money you keep
• Rich people make money work for them
• This book tells the story of a boy with two fathers, one rich, one poor, to help in
developing the mind-set and financial knowledge one need to build a life of
wealth and freedom
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3. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
AIM
To review the book ‘Rich Dad Poor Dad’ written by Robert T Kiyosaki
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4. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
SEQ
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About Author
Big Five Ideas
Rich Don’t Work For Money
Why Teach Fin Literacy?
Own Your Own Business
Brief Hist of Taxes
Work to Learn, not for Money
How to Overcome Common Obstacles?
Reader’s Opinion

5. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
ABOUT AUTHOR
• Robert Toru Kiyosaki
• Born on April 8, 1947
• Japanese American investor
• Business man and founded ‘Rich Dad Coy’
• Co-authored two books with ‘Trump’
• Self-help author
• Motivational speaker
• Financial literacy activist
• Occasional financial commentator
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6. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
“Having two dads offered me the choice of contrasting points of view: one of a rich
man and one of a poor man”
Robert T. Kiyosaki
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7. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
THE BIG FIVE IDEAS
• Poor and middle class work for money, rich have
money work for them
• It’s not how much money you make, its how much
money you keep
• Rich people acquire assets while poor people acquire
liabilities that they think are assets
• Financial aptitude is what you do with money once you
make it, how you keep people from taking it
• Mind your own business
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8. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com 8

9. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
RICH DON’T WORK FOR MONEY
• People let life push them around, they let their boss, their job or their families
dictate their lives
• Another kind of person, the person that pushes back, who become successful
• The most common attitude towards money is to play safe and take no risks in
order to feel secure
• You need passion if you want to learn anything new or find real success, you
cannot be living in fear
• This emotion of fear that keeps people working in the same job for yrs and yrs
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10. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
RICH DON’T WORK FOR MONEY
• People have a price, defined because of fear combined with greed
• Desire is another emotion that keeps people in the current jobs
• Joy from money is only ever temporary, something new is only new for a very
short period of time
• The pattern of get up, go to work, pay bills, get up, go to work, pay bill, their
lives are then run forever by two emotions, fear and greed
• Offer them more money, and they continue the cycle by also increasing their
spending, this is the Rat Race
• Forget the paycheck, if you want to become rich
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11. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
WHY TEACH FIN LITERACY?
• Everyone is looking for a quick fix, the magic answer or
formula to make their riches
• The only way to get rich is to become financially literate
• Rich people acquire assets and poor people acquire
liabilities
• Poor aren’t necessarily aware that they are acquiring
liabilities, they are often uneducated and assume that
they are assets
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12. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
”This is really all you need to know. If you want to be rich, simply spend your life buying
assets. If you want to be poor or middle class, spend your life buying liabilities. It’s not
knowing the difference that causes most of the financial struggle in the real world.”
Robert T. Kiyosaki
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13. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
WHY TEACH FIN LITERACY?
• Common assumption among people that money is the soln to anything, and that
money brings happiness
• But money is often the problem when given more money, people’s problems tend
to inc rather than dec
• Many working professionals are struggling financially, working harder and harder
but never getting any further because of little fin education
• “Too often, people count their house, savings and retirement plan as all they have
in their asset column. Because they have no money to invest, they simply do not
invest”
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14. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
WHY TEACH FIN LITERACY?
Worthy assets incl:-
• Businesses that you own but don’t have to manage or run day-to-day
• Stocks
• Bonds
• Mutual funds
• Income-generating real estate
• Royalties from intellectual property. This can include music, patents, literature
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15. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
”Most people work for everyone else but themselves. They work first for the owners of
the company, then for the government through taxes, and finally for the bank that
owns their mortgage.”
Robert T. Kiyosaki
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16. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
OWN YOUR OWN BUSINESS
• Your income is a direct result of your career – this is what most people think
• Your income is a direct result of your assets – this is the perspective of the rich
• ”To become financially secure, a person needs to mind their own business. Your
business revolves around your asset column, as opposed to your income column.
The rich focus on their asset columns while everyone else focuses on their income
statements.”
• It is recommended to being by keeping your day job but start focusing on buying
real assets
• Eliminate any liabilities that you regularly spend money on
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17. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
BRIEF HIST OF TAXES
• Rich avoid being taxed
• Middle class are the ones who end up paying for the poor
• Truly rich generally have a knowledge of the legal structure of corporations and
how this power can be used to avoid the rules that taxes employ
• Whenever new initiatives are put in place, designed to tax the rich, the rich do
their research and push back
• The poor and the middle classes do not have the education or the power to allow
themselves to push back, so they are the ones who end up paying all of the taxes
• In order to be rich, you need to have a decent financial IQ
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18. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
WORK TO LEARN, NOT FOR MONEY
• Mastering accounting, investing, marketing and law make making money
considerably easier
• ”I recommend to young people to seek work for what they will learn, more than
what they will earn. Look down the road at what; skills they want to acquire before
choosing a specific profession and before getting trapped in the Rat Race.”
• ”In addition to being good learners, sellers and marketers, we need to be good
teachers as well as good students. To be truly rich, we need to be able to give as
well as to receive.”
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19. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
HOW TO OVERCOME COMMON OBSTACLES?
! Do you fear losing all of your money?
 Failure isn’t all bad, it can turn a loser into a winner. Failure can be seen as part of
your education. Losers try to avoid failing altogether, therefore, they never learn.
! Do you think you are lazy?
 Greed prompts a motivation, a desire to do something and make something of
yourself. If you have no greed, you’ll have no motivation.
! Do you think you are arrogant?
 Arrogance is just the combination of ego and ignorance. To combat this, educate
yourself in the areas you don’t know much about. Don’t be ignorant.
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20. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
CONCL
• Financial education is so important, having knowledge of accounting is a
fundamental part of being rich
• Assets and liabilities are different. Assets generate money whereas liabilities
suck up your money
• You don’t want to be working for someone else, helping them get richer
• Owning a business should be the goal, more specifically a business that
requires as little input from you as possible
• Other than a business, worthwhile assets are: stocks, bonds, mutual funds,
income-generating real estate, and royalties from intellectual property
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21. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
CONCL
• In order to be rich, you need to have a decent financial IQ. This is made up
of considerable knowledge in accounting, investing, understanding markets,
and the law
• Rich people “groom” their children so that they can have a complete
understanding of business operations and how the family manage their
finances. Management skills that should be taught include managing cash
flow, managing systems and managing other people
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22. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
READER’S OPINION
• This book is the result of investigation which discloses new endeavors
• Writer has compared two dads; Rich dad and poor dad
• Mostly people die poor because of their lack of urge of being rich and
ignorance
• Fin Literacy is very important to become rich
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23. HAR WAQT – BAR WAQTCapt Muhammad Aamir Farooq | dr.aamirfarooq@hotmail.com
Thank You
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